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CAT bonds are important instruments for the insurance of catastrophe risk. Due to a low degree of deal standardization, there is uncertainty about the determination of the CAT bond premium. In addition, it is not apparent how CAT bonds react after the financial crisis or a natural catastrophe....
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common than official flood maps would predict, suggesting that local knowledge may also mitigate disaster impacts. …
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The study provides an assessment of the disaster risk financing mechanisms in the Philippines. It looks at the sources … and levels of disaster financing specifically for recovery and reconstruction. It also looks at the adequacy and execution … of the current disaster risk finance and insurance mechanisms. Case studies are presented showcasing detailed analysis at …
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